Iran to Boost Crude Output by 460M barrels Over 3 years
Iran is planning to increase its oil production by 460 million barrels over the next three years, according to oil minister Bijan Zanganeh.
oil production | Egypt Oil & Gas - Part 18
Bahrain Plans to Continue Diversification Plans Despite Oil Find
Bahrain will “stick to the course” of its plans for economic diversification despite the recent discovery of the country’s largest oil field to date, according to the country’s Minister of Industry, Commerce and T ...
Iran Deal: Saudi Arabia Will Not Act Unilaterally in Oil Markets
Riyadh is working closely with the UAE and Russia on "coordination and market consultations," regarding the impact of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear deal, an OPEC source ...
Shell Sells $406 M Stake in Iraqi Oil Field to Itochu Subsidiary
Shell has agreed to sell its 19.6% stake in the West Qurna 1 oil field in southern Iraq to a subsidiary of Itochu Corporation for $406 million.
Iran Nearly Doubles Gas Production at South Pars: Rouhani
Irani President Hassan Rouhani stated that gas production increased from 285 mcm to 555 mcm over the past Iranian calendar year.
AGIBA Oil Production Reaches 500 mb/d
Eni has announced that its joint venture with the Egyptian General Petroleum Corporation, AGIBA Petroleum Company, reached a production milestone of 500 million barrels per day (mb/d) on March 15th.
Kuwait Petroleum to Produce 4.75 b/d by 2040
Kuwait Petroleum Corporation eyes boosting its crude oil output through spending an expected amount exceeding $500 billion by 2040.
Iranian Oil Production, Exports not Affected by Protests
Iranian crude oil output and exports have not been affected by the unrest, which is spreading across the Asian Country, Iranian oil and shipping sources stated on January 2nd.
Libya’s Sharara Oilfield Goes Down—Again
he Sharara oilfield stopped production after a militant group seized control of the field.
Iraq Indicates Willingness to Extend Cuts
Iraq favors an additional one-percent cut in oil production by OPEC and its fellow oil producers.
